Category: Stock Market

  • Here are 2 fantastic ETFs for ASX investors to buy

    ETF written in white with a blackish background.

    ETF written in white with a blackish background.If you’d like to make some investments but aren’t sure which shares to buy, you could look at exchange traded funds (ETFs) instead.

    But which ETFs could be buys? Two that are very popular are listed below. Here’s what you need to know about them:

    BetaShares NASDAQ 100 ETF (ASX: NDQ)

    The first ETF to look at is the BetaShares NASDAQ 100 ETF. This ETF provides investors with easy access to 100 of the largest non-financial companies listed on Wall Street’s famous exchange.

    Among the 100 shares included in the ETF are giants such as Amazon, Apple, Meta (Facebook), Microsoft, Netflix, Nvidia, Tesla, and Google parent, Alphabet.

    BetaShares thinks this ETF is a good option for Australian investors. It notes that the Nasdaq 100 ETF’s strong focus on technology provides diversified exposure to a high-growth potential sector that is under-represented in the Australian sharemarket.

    VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

    Another ETF for investors to look at is the VanEck Vectors Morningstar Wide Moat ETF. It could be a top option for investors that are fans of Warren Buffett and his investment style.

    That’s because this ETF aims to invest in a group of companies that are deemed to be fairly valued and have sustainable competitive advantages. The latter is something that Mr Buffett calls moats, hence the name of the ETF.

    At present there are a total of 52 shares included in the VanEck Vectors Morningstar Wide Moat ETF. This includes companies from a range of sectors such as Adobe, Amazon, Boeing, Campbell Soup, Constellation Brands, Lockheed Martin, Microsoft, Walt Disney, and Wells Fargo.

    As the ETF has generated an average annual return of 19.2% over the last 10 years, this investment strategy appears to have merits. If Warren Buffett’s long track record wasn’t enough evidence for you!

    The post Here are 2 fantastic ETFs for ASX investors to buy appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of January 12th 2022

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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended BETANASDAQ ETF UNITS. The Motley Fool Australia owns and has recommended BETANASDAQ ETF UNITS. The Motley Fool Australia has recommended VanEck Vectors Morningstar Wide Moat ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • Top broker tips Treasury Wine share price to rise almost 25%

    rising ASX share price represented by cork popping out of wine bottle

    rising ASX share price represented by cork popping out of wine bottle

    The Treasury Wine Estates Ltd (ASX: TWE) share price has been out of form in 2022.

    Since the start of the year, the wine giant’s shares are down 11%.

    Is the weakness in the Treasury Wine share price a buying opportunity?

    While the pullback in the Treasury Wine share price this year has been disappointing, one leading broker sees it as an opportunity for investors to pick up shares.

    According to a note out of Citi, its analysts have retained their buy rating and $13.78 price target on the company’s shares.

    Based on the current Treasury Wine share price, this implies potential upside of 24% for investors over the next 12 months.

    What did the broker say?

    Citi has been looking over the recent quarterly update from rival Constellation Brands.

    While it notes that Constellation Brands has been battling inflationary pressures and expects Treasury Wine to be facing the same headwinds, it remains positive on the company’s outlook.

    Particularly given its premiumisation strategy, price increases, and the reopening of higher margin channels. These are expected to help offset some of these cost pressures. Citi commented:

    “Constellation Brands’ 4Q22 result (ending 28 Feb 22) revealed inflationary pressures adversely impacted earnings, with cost headwinds likely to continue in FY23 (ending Feb 23). This is consistent with cost pressures flagged by Treasury at its Feb 22 result.

    Based on the Constellation result it is unknown whether the A$5 million to A$10 million headwind relating to 2H22 packaging costs that Treasury flagged at its 1H22 result will be sufficient. Nonetheless, we expect some of these cost pressures Treasury is facing to be offset by price rises of popular wine brands (Constellation also doing this), premiumisation and re-opening of higher margin on premise channels.”

    The post Top broker tips Treasury Wine share price to rise almost 25% appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Treasury Wine right now?

    Before you consider Treasury Wine, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Treasury Wine wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of January 13th 2022

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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Treasury Wine Estates Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • 3 ASX 200 shares hopping to new 52-week highs today

    three young children weariing business suits, helmets and old fashioned aviator goggles wear aeroplane wings on their backs and jump with one arm outstretched into the air in an arid, sandy landscape.three young children weariing business suits, helmets and old fashioned aviator goggles wear aeroplane wings on their backs and jump with one arm outstretched into the air in an arid, sandy landscape.

    The S&P/ASX 200 Index (ASX: XJO) is lifting on Thursday, boosting these shares to new 52-week highs.

    Right now, the index is up 0.64%, trading at around its highest point since January.

    And three of its constituents are using the day’s strong trade to surpass their own prior performance ­– trading at their highest point in at least a year.

    So, which ASX 200 shares are reaching new 12-month highs on Thursday? Let’s take a look.

    3 ASX 200 shares bouncing to new 52-week highs

    Allkem Ltd (ASX: AKE)

    The Allkem share price launched 7% to a new 52-week (and all-time) high of $14.27 on Thursday morning.

    The lithium miner’s gains followed the release of an update on the company’s performance over the March quarter.

    Allkem’s revenue for the three months ended 31 March reached US$235 million, boosted by an average lithium price of US$2,178 per dry metric tonne.

    Despite its surge in early Thursday trade, the Allkem share price has since settled to trade at $13.47, 1.58% higher than its previous close.

    APA Group (ASX: APA)

    Another ASX 200 share hitting a new 52-week high on Thursday is none other than APA Group.

    The energy infrastructure company’s stock leapt 2.5% this morning, reaching a new 52-week high of $11.09. That’s the highest the company’s stock has traded since 2020.

    There’s no obvious reason behind its gains on Thursday. However, it’s been a good day for many of its peers on the S&P/ASX 200 Industrials Index (ASX: XNJ). The sector is currently up 0.97%.

    Endeavour Group Ltd (ASX: EDV)

    The third ASX 200 share hitting a new 52-week high on Thursday is Endeavour.

    The drinks and hospitality company’s stock rose 1.1% to trade at $7.81 today. That’s the highest its ever reached, after splitting from Woolworths Group Ltd (ASX: WOW) last year.

    There hasn’t been any price-sensitive news released by the company since February.

    However, it did open its first premium Dan Murphy’s Cellar store yesterday. The store houses wine with price tags of up to $160,000 a bottle.

    The company also opened its first bar ­– ZERO% – in Melbourne late last month. If the name didn’t give it away, the bar serves non-alcoholic beverages only, with a range of more than 30 drinks available.

    The post 3 ASX 200 shares hopping to new 52-week highs today appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Allkem right now?

    Before you consider Allkem, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Allkem wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of January 13th 2022

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    Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended APA Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • These 3 shares are topping the ASX 200 volume charts on Thursday

    An office worker and his desk covered in yellow post-it notes

    An office worker and his desk covered in yellow post-it notes

    The S&P/ASX 200 Index (ASX: XJO) looks to be giving investors a pre-Easter treat during this last day of trading before the long weekend. At the time of writing, the ASX 200 is up by another 0.54% and is back over 7,500 points.

    But let’s delve deeper into the ASX 200 and check out the shares currently topping the market’s share volume charts, according to investing.com.

    The 3 most traded ASX 200 shares by volume this Thursday

    Uniti Group Ltd (ASX: UWL)

    Our first ASX 200 share up today is the telco Uniti. Uniti has had a sizeable 22.61 million of its shares bought and sold on the markets thus far this Thursday. This is probably a result of the big announcement the company made this morning. Uniti has revealed that it was entered into a deal with the Morrison/Brookfield consortium that will see Uniti acquired in full at a price of $5 a share. 

    As one might expect, the Uniti share price has raced toward that level today and is currently up a healthy 3.11% at $4.97 right now. This news and share price bump is the likely reason why we are seeing so many shares trading today.

    AVZ Minerals Ltd (ASX: AVZ)

    Lithium stock AVZ Minerals is next up this Thursday. We have seen a notable 27.83 million AVZ shares swap hands as it currently stands today. This ASX 200 lithium share has put out no major news or announcements today. However, the AVZ share price is currently up a robust 1.74% at $1.17. This follows the big announcement yesterday that AVZ’s flagship mine in the Democratic Republic of the Congo has received a final approval. 

    Paladin Energy Ltd (ASX: PDN)

    Paladin Energy is our final and most traded share of the day at present. We have seen a whopping 32.65 million Paladin shares find a new home on the markets so far today. Again, there has been no news or announcements out of this ASX 200 uranium share.

    In saying that, we have seen a big share pice move with this company. The Paladin share price is currently up a pleasing 6.04% at 97 cents a share. This comes amid recent gains in the uranium price, as well as some love from some ASX brokers for Paladin shares themselves. It’s probably a combination of these factors that is leading Paladin to top our most traded shares list today. 

    The post These 3 shares are topping the ASX 200 volume charts on Thursday appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of January 12th 2022

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    Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Uniti Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • Here’s why the Flight Centre share price is soaring 5% higher today

    Kid with arm spread out on a luggage bag, riding a skateboard.

    Kid with arm spread out on a luggage bag, riding a skateboard.

    The Flight Centre Travel Group Ltd (ASX: FLT) share price is soaring today, up 5.2% in late afternoon trading. By comparison the S&P/ASX 200 Index (ASX: XJO) is up 0.6% at this same time.

    Flight Centre shares opened this morning at $20.17 and are currently trading for $21.23.

    So, what’s driving ASX investor interest?

    Why is the Flight Centre share price outperforming today?

    The Flight Centre share price has joined in with other ASX 200 travels share – like Qantas Airways Limited (ASX: QAN) and Webjet Limited (ASX: WEB) – in charging ahead today.

    The impetus looks to be partly driven by strong results and bullish statements from US airline giant Delta Air Lines Inc (NYSE: DAL), which closed up 6.2% yesterday (overnight Aussie time).

    In yesterday’s earning’s report Delta stated:

    Domestic consumer revenues are exceeding 2019 levels and the recovery in business travel, revenue has accelerated as offices reopen and business travellers rebuild face-to-face relationships. Demand for long-haul international is growing, as travel restrictions lift…

    This comes despite fast rising jet fuel costs, which are being offset by higher ticket prices.

    According to Delta’s CEO Ed Bastian (quoted by The New York Post), “We are seeing a historic level of sales activity and booking volumes at levels higher than we’ve ever seen in our history.”

    With those kinds of figures coming out of the US, the Flight Centre share price looks to be catching some helpful tailwinds today.

    Factoring in today’s intraday gains, Flight Centre shares are up 12.9% since this time last month.

    The post Here’s why the Flight Centre share price is soaring 5% higher today appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Flight Centre right now?

    Before you consider Flight Centre, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Flight Centre wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of January 13th 2022

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    The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Flight Centre Travel Group Limited and Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • Top brokers name 3 ASX shares to sell today

    On Wednesday, we looked at three ASX shares that brokers have given buy ratings to this week. Unfortunately, not all shares are in favour with brokers right now.

    Three ASX shares that have just been given sell ratings by brokers are listed below. Here’s why they are bearish on them:

    Fortescue Metals Group Limited (ASX: FMG)

    According to a note out of Goldman Sachs, its analysts have retained their sell rating but lifted their price target on this mining giant’s shares to $15.20. The broker believes Fortescue’s shares are extremely overvalued in comparison to BHP Group Ltd (ASX: BHP) and Rio Tinto Limited (ASX: RIO). It also has concerns over capex and execution risks for the Iron Bridge & Fortescue Future Industries businesses. The Fortescue share price is trading at $21.64 today.

    Iluka Resources Limited (ASX: ILU)

    A note out of Citi reveals that its analysts have downgraded this mineral sands and rare earths producer’s shares to a sell rating with a $10.50 price target. Citi made the move on valuation grounds following a very strong rise by its shares over the last few months. It also highlights that it will still be several years until Iluka is generating revenue from the Eneabba rare earths refinery. The Iluka share price is fetching $12.45 on Thursday.

    New Hope Corporation Limited (ASX: NHC)

    Analysts at Goldman Sachs have downgraded this coal miner’s shares to a sell rating with a $3.00 price target. According to the note, the broker downgraded New Hope’s shares on valuation grounds. It notes that its shares have rallied hard in recent months and now trades at 1.3x net asset value. In addition, the broker sees plenty of value on offer elsewhere in the resources sector. The New Hope share price is trading at $3.55 this afternoon.

    The post Top brokers name 3 ASX shares to sell today appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of January 12th 2022

    More reading

    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • The BHP share price has had a stellar start to the year. Is it just the beginning?

    An older couple holding hands as they laugh while bouncing on a trampoline feeling happy that they bought BHP when the share price was much lower many years agoAn older couple holding hands as they laugh while bouncing on a trampoline feeling happy that they bought BHP when the share price was much lower many years ago

    Has any S&P/ASX 200 Index (ASX: XJO) blue-chip share been more pleasing to own in recent months and years than BHP Group Ltd (ASX: BHP)? You’d be pressed to argue against that question after looking at the numbers.

    Today so far, BHP has gained a healthy 1.41% to $52.51 per share at the time of writing. That puts this mining giant’s share price performance over the past four weeks at 15.74%.

    Over 2022 so far, BHP is now up a pleasing 23.9%. That compares very well against the ASX 200 which is still in the red by 0.9%.

    Over the past 12 months, the performance has been more muted at a 14.14% gain. But over the past five years, BHP has given its investors a staggering return of 118%.

    Add several dividend payments that have broken BHP’s very long list of record payouts and showered investors with cash, and you have an investment that has no doubt made plenty of people feel very grateful.

    But is a 23.9% return in 2022 so far as good as it will get for the Big Australian? Or is this just the beginning for BHP shares? Let’s check out what some ASX investing experts reckon.

    Is the BHP share price a buy or sell today?

    BHP share price: Buy or sell?

    One ASX broker who is bullish on BHP today is Morgans. As my Fool colleague reported last week, Morgans currently has an add rating on BHP shares. Although its 12-month target of $51.80 is a little below the company’s current share price, Morgans likes BHP for its “upside sensitivity, balance sheet strength and resilient dividend profile”.

    But Morgans isn’t the only broker who likes what it sees at BHP. As we also covered last week, brokers at Macquarie are even more optimistic about BHP shares.

    Macquarie has placed an outperform rating on BHP, replete with a 12-month share price target of $61. That would imply a further upside of 16% over the coming year. The broker is anticipating that high iron ore and coal prices will put a high floor under BHP’s earnings, cash flow, and dividends over the next few years.

    So, that is how two ASX investing experts are seeing BHP shares right now. No doubt that will come as good news for existing shareholders.

    At the current BHP share price, this ASX 200 miner has a market capitalisation of $262 billion with a trailing dividend yield of 9.26%.

    The post The BHP share price has had a stellar start to the year. Is it just the beginning? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in BHP right now?

    Before you consider BHP, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and BHP wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of January 13th 2022

    More reading

    Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • Why Bank of Queensland, Iluka, New Hope, and Zip shares are falling today

    Red arrow going down on a stock market table which symbolises a falling share price.

    Red arrow going down on a stock market table which symbolises a falling share price.In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week on a positive note. At the time of writing, the benchmark index is up 0.6% to 7,522.9 points.

    Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are dropping:

    Bank of Queensland Limited (ASX: BOQ)

    The Bank of Queensland share price is down 5.5% to $8.05. Investors have been selling this bank’s shares following the release of its half year results. Bank of Queensland delivered a 14% increase in cash earnings to $268 million thanks to lending momentum, higher non-interest income, carefully managed costs, and a loan impairment expense credit. However, Citi noted that while the bank outperformed its earnings estimates, its ME Bank business disappointed with its home loan growth.

    Iluka Resources Limited (ASX: ILU)

    The Iluka share price is down 1% to $12.41. This decline appears to have been driven by a broker note out of Citi this morning. According to the note, the broker has downgraded the mineral sands and rare earths producer’s shares to a sell rating with a $10.50 price target. It made the move largely on valuation grounds.

    New Hope Corporation Limited (ASX: NHC)

    The New Hope share price is down almost 6% to $3.52. This has been driven by the coal miner’s shares trading ex-dividend for its monster dividend. Eligible New Hope shareholders can now look forward to receiving this fully franked 30 cents per share interim dividend at the beginning of next month on 4 May.

    Zip Co Ltd (ASX: Z1P)

    The Zip share price is down a further 4.5% to $1.23. This buy now pay later provider’s shares have come under pressure again today after analysts at Macquarie Group Ltd (ASX: MQG) spoke negatively about the industry. According to the note, the broker’s data shows that BNPL web traffic declined during March. It feels this is a “red flag for the BNPL industry.”

    The post Why Bank of Queensland, Iluka, New Hope, and Zip shares are falling today appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of January 12th 2022

    More reading

    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended ZIPCOLTD FPO. The Motley Fool Australia has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • Why Allkem, Domino’s, Qantas, and Uniti shares are racing higher

    Green arrow going up on stock market chart, symbolising a rising share price.

    Green arrow going up on stock market chart, symbolising a rising share price.

    In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) looks set to end the week in a positive fashion. At the time of writing, the benchmark index is up 0.6% to 7,525.7 points.

    Four ASX shares that are climbing more than most are listed below. Here’s why they are racing higher:

    Allkem Ltd (ASX: AKE)

    The Allkem share price is up 2% to $13.52. Investors have been buying this lithium miner’s shares following the release of its third quarter update. According to the release, Allkem’s Mt Cattlin and Olaroz operations delivered record revenue for the quarter. This led to Allkem reporting quarterly group revenue of US$235 million and group gross operating cash margin of US$189 million.

    Domino’s Pizza Enterprises Ltd (ASX: DMP)

    The Domino’s share price is up 2% to $81.34. This morning the team at Morgans retained its add rating but lowered its price target on this pizza chain operator’s shares to $100. While the broker expects inflationary pressures to weigh on its margins, it sees more than enough value in its shares to recommend it as a buy.

    Qantas Airways Limited (ASX: QAN)

    The Qantas share price is up 8% to $5.49. This appears to have been driven by comments out of Delta Airlines in the US overnight. Although the airline operator posted a loss for the first quarter, it spoke very positively about its outlook. This has given a lift to travel stocks across the globe.

    Uniti Group Ltd (ASX: UWL)

    The Uniti share price is up 3% to $4.97. This morning the telco announced that it has entered into a binding scheme implementation deed with the Morrison/Brookfield Consortium. This will see the consortium acquire Uniti for a cash consideration of $5.00 per share less any dividends declared or paid after today.

    The post Why Allkem, Domino’s, Qantas, and Uniti shares are racing higher appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of January 12th 2022

    More reading

    Motley Fool contributor James Mickleboro owns Orocobre Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited and Uniti Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • The Cochlear share price has shaved 13% from its all-time high. Is now the time to pounce?

    a woman leans forward with her hand behind her ear, as if trying to hear information.a woman leans forward with her hand behind her ear, as if trying to hear information.

    Shares of Cochlear Limited (ASX: COH) are inching forward on Thursday to trade 56 basis points higher at $225.98.

    After a swift recovery in March, where shares thrust off a bottom of $190 – from $182 in January as well – Cochlear is now trading 4% higher this year.

    TradingView Chart

    Is Cochlear a buy?

    Analysts have turned more constructive on the company since it released its first half results earlier this year.

    Since then, the number of brokers advocating to buy Cochlear has surged to 42%, in line with the percentage of holds.

    Still, almost 16% of coverage reckons to sell the stock right now, with RBC Capital Markets pricing a $149 per share valuation on Cochlear.

    However, despite the balanced view, Cochlear is trading above its consensus price target of $221.18 apiece.

    Analysts at JP Morgan were clearly impressed by the company’s latest earnings, noting the “strong result signals [its] growth story [is] clearly intact,” in a recent note.

    “Cochlear reported a strong first half as European and emerging market implant volumes recovered, despite headwinds from multiple COVID waves,” it said.

    “The result was also supported by a sharp lift in Services revenue as upgrades lifted as well as very strong Acoustic sales growth. This result signals the recovery is now broad-based, with the pandemic headwinds now manageable confirming the resilience of the growth story,” the broker added.

    Given its performance, JP Morgan has now dampened its concerns surrounding the maker and researcher of cochlear implant systems.

    However, valuation remains a concern, and with some foreseeable challenges ahead, the broker is comfortable on the sidelines at a neutral rating.

    “Cochlear’s key markets have recovered more rapidly than we had feared given this results strong beat…we think the company is well positioned to return to its strong historical growth profile,” it noted.

    “While the medium-term outlook remains compelling with the stock trading at its 5 year average [price to earnings] P/E and with limited upside to our DCF-based price target, we have retained our neutral rating (June 2022 price target lifted to $223 from $207).”

    The post The Cochlear share price has shaved 13% from its all-time high. Is now the time to pounce? appeared first on The Motley Fool Australia.

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    More reading

    Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Cochlear Ltd. The Motley Fool Australia has recommended Cochlear Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

    from The Motley Fool Australia https://ift.tt/t0z1ch9